Mile Auto

Mile Auto is an internet-first usage-based auto insurance platform that offers coverage priced according to the miles driven and driving behavior of the car owner, enabling low-mileage drivers to pay less for auto insurance. The platform provides tools for calculating savings on each ride, allowing users to see how much they can save by switching from traditional flat-rate insurance to mileage-based pricing. Mile Auto's usage-based insurance model leverages telematics and connected vehicle data to assess driving behavior and distance traveled, offering on-demand insurance that aligns premiums with actual usage patterns rather than broad demographic risk pools. This approach particularly benefits drivers who use their vehicles infrequently, work from home, or live in urban areas with access to alternative transportation, providing them with significant cost savings compared to conventional auto insurance products. The platform serves individual consumers seeking affordable, fair-priced auto insurance that reflects their actual driving habits. Founded in 2017 and headquartered in Atlanta, United States, Mile Auto has raised $16.6M in Seed funding from investors including Ulu Ventures, Emergent Ventures, Thornton Capital, Sure Ventures, G2T3V, Service Provider Capital, JUMP Investors, and Angel School.